Danger: US Is Two Weeks Away From Completely Depleting Its Strategic Oil Reserves

The United States continues to drain is strategic oil reserves, so low the nation is almost two weeks away from officially being empty. The likelihood of filling them is low, as the Biden administration of course is fully invested in green energy and transitioning away from fossil fuels.

One month ago to date The WinePress warned that the U.S. was becoming dangerously, at a time when OPEC announced they will be extending production cut by the end of 2024, which will only force prices higher as the OPEC and BRICS aligned nations can have greater influence on the cost.

The reserves of course were not filled, and now the country is extremely low, a little over two weeks worth left.

Refilling them is no easy task as this will take years to do. Reuters wrote in March: ‘It could take years for the United States to refill the Strategic Petroleum Reserve, the energy secretary told lawmakers on Thursday, after sales directed by President Joe Biden last year pushed the stockpile to its lowest level since 1983.’

This year, it will be difficult for us to take advantage of this low price. But we will continue to look for that low price into the future because we intend to be able to save the taxpayer dollars.

Energy Secretary Jennifer Granholm told U.S. representatives at the time

Reuters added: ‘Biden administration officials have said they want to refill the reserve, after last year’s historic sale of 180 million barrels, when the oil price consistently is around $70 a barrel. Oil from that sale sold at about $94 per barrel.’

Since bolstering and strengthening reliance upon domestic oil reserves is pretty much off the table, Lena Petrova, CPA, says the most likely outcome will result in oil costs will be dictated by a coalition group of foreign countries; which has been the case already, but will not exploited further because of the government’s slothfulness in acting accordingly.

https://www.youtube.com/watch?v=3aXqwDE2_Y0

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AUTHOR COMMENTARY

Slothfulness casteth into a deep sleep; and an idle soul shall suffer hunger.

Proverbs 19:15

Higher prices will lead to more Americans traveling less as the price at the pump will only go higher, which helps to achieve important green agenda goals of reducing and mitigating traffic, and implementing things like car-free Sundays and what not.

SEE: International Energy Agency Calls For ‘Car-Free Sundays’ And Other Ways To Reduce Oil Use

Moreover, heating homes this winter are going to become even more expensive for most Americans, one would assume that is.

Therefore, once again, I continue to remind readers to take extra special precautions as we transition into colder temperatures. Have extra clothes and blankets. Have extra decentralized heat sources, and candles, propane, and kerosene, and wood, and so forth.

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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